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The acquisition of AEC Gestion de Flotas

TIP Trailer Services is happy to announce the acquisition of AEC Gestion de Flotas, as an asset deal type. AEC is doing the maintenance and repair of the Acotral fleet (trucks and reefers). Acotral is the main transport supplier of Mercadona, the leader of the retail industry in the Spanish market. TIP will continue to deliver services to the Acotral fleet in 7 different locations: Barcelona, Valencia, Sevilla, Cádiz, Huelva, Tenerife and Las Palmas. There is a mixture of small workshops near the Mercadona logistics canters and MSU at different ports controlling the loading and unloading of the trailers from the ships moving to the island of Mallorca and Canary Islands.

 

This deal, also known as Project Calamares, was launched in Spain in 2018 with the purpose of increasing our service capabilities and move quicker into the specialized equipment niche market. It brings 22 new mechanics to the TIP family with 7 MSU and 2 workshops under rental agreement, this team manages to invoice on P&G bases 1,4Mio€ per year. Also as part of the deal we have taken over a service contract for Balearia in which we have 3 mechanics on different shifts taken care of the reefer that go on the ferry boat from Huelva to the Canary Islands.

 

This is a great opportunity for Spain to further develop the services business. There are a lot of synergies with other TIP customers in those areas that could require such services for themselves.

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